One of the smartest things a person can do is dampen investment expectations, especially with Berkshire. That would be mature and responsible. I like our model and we should do nicely

Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond.

Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.

We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.

We’re partial to putting out large amounts of money where we won’t have to make another decision.

I won’t bet $100 against house odds between now and the grave.